EFTA Document EFTA01378168

SRLP1 02 Alpha Group Capital Siris' Sourcing Approach Institutionalized disciplined approach to sourcing investments. Investment Process All••••• We study the effect of technology disruptions on industry sectors that address mission-critical requirements for their customers Working together, our Executive Partners and Business Development team develop "whitepapers' to formulate a thesis and identify specific target opportunities; -20 written to date Potential targets are ranked by the attractiveness of their Bond/Call characteristics Leveraging Sins' collective network of relationships, we initiate an outreach effort to meet with the targets and detail the benefits of working with us Key Statistics core investments Only 2 traditional auctions Pulse A taketriva les —S.Ex average acquisition multiplex - A transaction can take 12 to 36 months to consummate given the complicated nature of our targets' situation Representative White Paper Topics Enterprise Communication Video 2.0 Wireless 1 Transition 2G, 3G, 4C, SC Industrial IOT Annual Pipeline rate PnItoilidl Target I t‘linulony Universe ( -SAXE, ") I I local t of opportunities nix iewed (^1.00.1"ith 4CA rldrom,ttd Due iigen 8-10) Iran clions" Note: Represents deal activity for buyout funds only. Notee SSW 'mambo and targets depend on • variety of (anon, inclodthe the pnevalme market environment and inveament availability and opporturdy, and there can be no swearer that the conditions upon which suchOmer and target, ale bawd will materialise. The acne a few Alma:amp purposes ordy and is intardad to show how Sim analyses technoloff uwatinenta. It does not represent any paniadar Sins imminent (II Includes public tech and telecom compotes in the US. Canada. UK the France with TEV parameters of S200inm to $2.5bn Aho avionics Elk Imamatetoadmit for TEV .toe parameter) of emotetab aid telecom US and Canadian companies SoUre4c CapitAQ, Sun estimates 12) Paved on Ample avatar of TEV/ Bond Ileiwy division/only FNMA multiplex at entry for Alton. Meier, Stratu and theital Kiva (ea of wNces a the tow d the aphrable aciudnition. had Call Optionlie) (venture d ',swell that were seconding negative ERITDAX and TEV Total affDA at entry for Intralinks. Polycorn, Marra. PGt. Pulse.TNIS and kINkdal teach of which a the Urns of the *pita* acquimion, had Call Orionis) that were generating pavane EtillUA). Comae Bank a excluded Mom the transactions, non-com to oat ongoing Orate towards acquiring complex technoloey bovanweiew Applied Ossomeety Is excluded given the nail Invetinera Sao( S3 Indian% Sys-broncos wexcluded as the investment wax in the farad • notionty PIPE immanent. Etill DA. are proformato include, where applicable. projected cod savings ad realised a entry. ad adulated toexclude tams such. nornwurnug St RicinIdunnS coats, °plank tic. Total Enterpme Value (TM axisiko transaction corms owl balance sheet rah IN dam na excluderash earmarked to fund antirmakd Call Option loom rumba, maul+, are explained in more detail in the mtritile caw etudes included herein Pk., see 'Appendix-Fund Paformarce imar (or • oomplete hat of Soh invegmenb. Maw see "Appendix- Footnote's.' (or addnand comademtiom and definition.. IS) Does too irk-lode add ow. 5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0075329 SDNY GM_00221513 EFTA01378168